Flexible Packaging Market Know the Latest Innovations and Trends to 2032
Flexible packaging refers to packaging materials made from flexible or easily yielding materials such as plastic, paper, aluminum foil, or a combination of these materials. These materials are used to create pouches, bags, wraps, and other forms of packaging that can be easily manipulated and adapted to the shape of the product being packaged. The flexible packaging market has experienced significant growth in recent years due to its versatility, convenience, and sustainability. In 2023, the market for flexible packaging was estimated to be worth USD 252.8 billion. According to projections, the flexible packaging market would expand at a compound annual growth rate (CAGR) of 4.9% from USD 260.7 billion in 2024 to USD 376.08 billion by 2032. One of the key drivers of the Flexible Packaging Market Size is its ability to provide lightweight and convenient packaging solutions. Flexible packaging materials are often much lighter than traditional rigid packaging materials such as glass